usa people, what if capitalism finaly led to the following scenario:

[galeniko]

a very small elite and youre not part of that, owns prettu much everything and the vast majority cant make ends meet even if fully employed.

not like today ,but much much worse.where the 99% literaly cant afford to live.


would you still think the current economical system is the way to go?

what if the 1% offered to pay the necesary hand outs-top ups so everyone can make just ends meet, but no more.but no other change to the system.

and lets assume the market will not magicaly keep everything in check.

so?

[Roger Bacon]

would you still think the current economical system is the way to go?

Of course not

We're on our way there now, not because of a free market though, the opposite. Government collusion with big business, over regulation and constant meddling is the problem. Obamacare is a prime example, one of the final nails in the coffin of the middle class.


We're far from free market capitalism in the United States unfortunately.

[99 Bananas]

I'd say that would be better than what the US headed for. Wal mart has more money than 40% of the population combined. It's only going to get worse. Retards gonna retard.

[Teutonic Knight]

Oh no, not another revolution in America ........................ ..

[Conker]

a very small elite and youre not part of that, owns prettu much everything and the vast majority cant make ends meet even if fully employed.

not like today ,but much much worse.where the 99% literaly cant afford to live.


would you still think the current economical system is the way to go?

what if the 1% offered to pay the necesary hand outs-top ups so everyone can make just ends meet, but no more.but no other change to the system.

and lets assume the market will not magicaly keep everything in check.

so?

So you mean something similar to the former Soviet Union ?

[kofo]

Of course not

We're on our way there now, not because of a free market though, the opposite. Government collusion with big business, over regulation and constant meddling is the problem.

Theres never been less regulation in the US than today. Wall Street are not regulated at all.
In the 70ies airline fares was actually regulated by the government, you didnt know that, but now you do.

Personally I am very happy that we got the Stupid Republican Middle Class (SRMC). The SRMC is always happy to pay the rich mans bills. Like when his house lost 65% of its value. When his pension almost vanished. When his stocks all got lost in 2008. If he doesnt wanna pay we just accuse him of beeing socialist. It works every single time.

So this is a personal thank you to Roger Bacon for always beeing there to take the loss and pay our bill. Thank You !

[Competitor 9]

Theres never been less regulation in the US than today. Wall Street are not regulated at all.
In the 70ies airline fares was actually regulated by the government, you didnt know that, but now you do.

Personally I am very happy that we got the Stupid Republican Middle Class (SRMC). The SRMC is always happy to pay the rich mans bills. Like when his house lost 65% of its value. When his pension almost vanished. When his stocks all got lost in 2008. If he doesnt wanna pay we just accuse him of beeing socialist. It works every single time.

So this is a personal thank you to Roger Bacon for always beeing there to take the loss and pay our bill. Thank You !

Less regulation then ever before? Where are you getting these facts? Obomacare, dot frank, carbon credits, EPA mandated auto manufacturer regs. Just to name a few are HUGE government regulation bills. If your gonna talk out your ass please at least know something about what your talking about

[Competitor 9]

Oh ya how could I forget the EPA strangle hold and regulation to drive the cost of fossil fuels up including nature gas, in hopes to help the billions they dumped in green energy..... No your right less government oversight then ever.....  

[Roger Bacon]

Oh ya how could I forget the EPA strangle hold and regulation to drive the cost of fossil fuels up including nature gas, in hopes to help the billions they dumped in green energy..... No your right less government oversight then ever.....  

Good points, I could go on and on. You're wasting your time though, that man is delusional. I imagine successful people are an easy scapegoat for people like him.

[Mr Nobody]

a very small elite and youre not part of that, owns prettu much everything and the vast majority cant make ends meet even if fully employed.

not like today ,but much much worse.where the 99% literaly cant afford to live.


would you still think the current economical system is the way to go?

what if the 1% offered to pay the necesary hand outs-top ups so everyone can make just ends meet, but no more.but no other change to the system.

and lets assume the market will not magicaly keep everything in check.

so?

Mexicans face this every single day thats why they flee to the USA.

[kofo]

Less regulation then ever before? Where are you getting these facts? Obomacare, dot frank, carbon credits, EPA mandated auto manufacturer regs. Just to name a few are HUGE government regulation bills. If your gonna talk out your ass please at least know something about what your talking about

The real problem is loss of american jobs to foreign countrys, we were left with an expansion driven real estate economy, that created jobs and lots of money circulating. Until the bubble burst.

You make it sound like all regulation is wrong (who told you to belive that ?) The most successful economys are regulated like Netherlands, Scandinavia and Germany, they have a far, far better economy than the US. Not to mention the far east major economys all regulated.

I dont understand what is so great with that no rules, no regulation, anarchist economy some of you want,  has it ever been a success anywhere in the world ? Or is it just another naive Tea Party fantasy ?

[kofo]

Less regulation then ever before? Where are you getting these facts? Obomacare, dot frank, carbon credits, EPA mandated auto manufacturer regs. Just to name a few are HUGE government regulation bills. If your gonna talk out your ass please at least know something about what your talking about

Hm, so the deregulation of Bush and Bernanke prior to 2008...

[Roger Bacon]

[Roger Bacon]

http://www.economist.com/node/21547789

Over-regulated America
The home of laissez-faire is being suffocated by excessive and badly written regulation
Feb 18th 2012 | From the print edition



AMERICANS love to laugh at ridiculous regulations. A Florida law requires vending-machine labels to urge the public to file a report if the label is not there. The Federal Railroad Administration insists that all trains must be painted with an “F” at the front, so you can tell which end is which. Bureaucratic busybodies in Bethesda, Maryland, have shut down children's lemonade stands because the enterprising young moppets did not have trading licences. The list goes hilariously on.

But red tape in America is no laughing matter. The problem is not the rules that are self-evidently absurd. It is the ones that sound reasonable on their own but impose a huge burden collectively. America is meant to be the home of laissez-faire. Unlike Europeans, whose lives have long been circumscribed by meddling governments and diktats from Brussels, Americans are supposed to be free to choose, for better or for worse. Yet for some time America has been straying from this ideal.

Consider the Dodd-Frank law of 2010. Its aim was noble: to prevent another financial crisis. Its strategy was sensible, too: improve transparency, stop banks from taking excessive risks, prevent abusive financial practices and end “too big to fail” by authorising regulators to seize any big, tottering financial firm and wind it down. This newspaper supported these goals at the time, and we still do. But Dodd-Frank is far too complex, and becoming more so. At 848 pages, it is 23 times longer than Glass-Steagall, the reform that followed the Wall Street crash of 1929. Worse, every other page demands that regulators fill in further detail. Some of these clarifications are hundreds of pages long. Just one bit, the “Volcker rule”, which aims to curb risky proprietary trading by banks, includes 383 questions that break down into 1,420 subquestions.

Read more: http://www.economist.com/node/21547789

[kofo]

Good points, I could go on and on. You're wasting your time though, that man is delusional. I imagine successful people are an easy scapegoat for people like him.

LOL How many times would it take for you to have your house loose its value, loose your savings and pension before you change your mind ? Oh I know, never, your belives is all you got right and if we stop beliving bla, bla.

You have no idea how much those Wall Street guys laugh and ridicule people like you, you might not belive it but I have witnessed it numerous times. They laugh of people that call FOX News and say that no matter how much they lost they still dont belive in regulation. "Thank god" thay say as they laugh and laugh.

[kofo]

http://www.economist.com/node/21547789

Over-regulated America
The home of laissez-faire is being suffocated by excessive and badly written regulation
Feb 18th 2012 | From the print edition



AMERICANS love to laugh at ridiculous regulations. A Florida law requires vending-machine labels to urge the public to file a report if the label is not there. The Federal Railroad Administration insists that all trains must be painted with an “F” at the front, so you can tell which end is which. Bureaucratic busybodies in Bethesda, Maryland, have shut down children's lemonade stands because the enterprising young moppets did not have trading licences. The list goes hilariously on.

But red tape in America is no laughing matter. The problem is not the rules that are self-evidently absurd. It is the ones that sound reasonable on their own but impose a huge burden collectively. America is meant to be the home of laissez-faire. Unlike Europeans, whose lives have long been circumscribed by meddling governments and diktats from Brussels, Americans are supposed to be free to choose, for better or for worse. Yet for some time America has been straying from this ideal.

Consider the Dodd-Frank law of 2010. Its aim was noble: to prevent another financial crisis. Its strategy was sensible, too: improve transparency, stop banks from taking excessive risks, prevent abusive financial practices and end “too big to fail” by authorising regulators to seize any big, tottering financial firm and wind it down. This newspaper supported these goals at the time, and we still do. But Dodd-Frank is far too complex, and becoming more so. At 848 pages, it is 23 times longer than Glass-Steagall, the reform that followed the Wall Street crash of 1929. Worse, every other page demands that regulators fill in further detail. Some of these clarifications are hundreds of pages long. Just one bit, the “Volcker rule”, which aims to curb risky proprietary trading by banks, includes 383 questions that break down into 1,420 subquestions.

Well I belive a dollar is a dollar and that it should be backed by gold. I dont belive that it is right that a bank can take Roger Bacons $1 then lend it out 10 different times in a complicated system noone can explain, creating a fake economy, and when Roger Bacon comes to get his $1 back with interest he only gets $0.10 because it was somehow lost in the system. And Roger Bacon beeing the good American that he is promises not to make a fuss about it, just work a little bit harder and longer to compensate for the loss.
I dont belive it is right.

[bigmc]

ultimately we are heading that way

the disparity between rich and poor is growing year on year

[Roger Bacon]

Well I belive a dollar is a dollar and that it should be backed by gold. I dont belive that it is right that a bank can take Roger Bacons $1 then lend it out 10 different times in a complicated system noone can explain, creating a fake economy, and when Roger Bacon comes to get his $1 back with interest he only gets $0.10 because it was somehow lost in the system. And Roger Bacon beeing the good American that he is promises not to make a fuss about it, just work a little bit harder and longer to compensate for the loss.
I dont belive it is right.

You're right, but you obviously can't see the underlying cause or realize who the guilty parties really are and how to fix the problem.

[syntaxmachine]

a very small elite and youre not part of that, owns prettu much everything and the vast majority cant make ends meet even if fully employed.

not like today ,but much much worse.where the 99% literaly cant afford to live.

would you still think the current economical system is the way to go?

what if the 1% offered to pay the necesary hand outs-top ups so everyone can make just ends meet, but no more.but no other change to the system.

Well, one question is whether there is a viable alternative system on offer. If not, it doesn't make sense to say that the current system isn't the 'way to go,' since it is the only way to go -- unless one wants to stop 'going' altogether, like some apocalyptic group.

Anyway, there are always opportunities to make money around the world, so a nasty labor market at home wouldn't necessarily mean a life of serfdom for Americans.

[kofo]

You're right, but you obviously can't see the underlying cause or realize who the guilty parties really are and how to fix the problem.

The financial sector needs regulation. 9/11 started deregulation. Result 2008 disaster. Got nothing to do with Obamacare Ill tell you that.

[kofo]

Mexicans face this every single day thats why they flee to the USA.

The rich loves Mexicans, more people to buy the crap they sell, more people to create competition and lower vages in the labour market.

They also bring a lot of expences, medical, law enforcement, education etc but I am sure you guessed it by now, that the Stupid Republican Middle Class ends up with that bill too. They even volunteer to patrol the border, man those people are lost, its like they dont get ANYTHING of whats going on, still living in that 1955 John Wayne fantasy.

[markofan]

Of course not

We're on our way there now, not because of a free market though, the opposite. Government collusion with big business, over regulation and constant meddling is the problem. Obamacare is a prime example, one of the final nails in the coffin of the middle class.


We're far from free market capitalism in the United States unfortunately.

This is 100% correct.  We have corporatism, a soft fascism. 

[The Showstoppa]

The real problem is loss of american jobs to foreign countrys, we were left with an expansion driven real estate economy, that created jobs and lots of money circulating. Until the bubble burst.

You make it sound like all regulation is wrong (who told you to belive that ?) The most successful economys are regulated like Netherlands, Scandinavia and Germany, they have a far, far better economy than the US. Not to mention the far east major economys all regulated.

I dont understand what is so great with that no rules, no regulation, anarchist economy some of you want,  has it ever been a success anywhere in the world ? Or is it just another naive Tea Party fantasy ?

And why do you think Germany, etc... are "far, far better?" 

[galeniko]

So you mean something similar to the former Soviet Union ?

or in other words the socalled free market fans neoliberals from sitzerland,they have stated the very same thing openly here

im not being pessimistic or feel entitled to any system, this is just some thoughts after the book" average is over" which is bout the usa

[galeniko]

Theres never been less regulation in the US than today. Wall Street are not regulated at all.
In the 70ies airline fares was actually regulated by the government, you didnt know that, but now you do.

Personally I am very happy that we got the Stupid Republican Middle Class (SRMC). The SRMC is always happy to pay the rich mans bills. Like when his house lost 65% of its value. When his pension almost vanished. When his stocks all got lost in 2008. If he doesnt wanna pay we just accuse him of beeing socialist. It works every single time.

So this is a personal thank you to Roger Bacon for always beeing there to take the loss and pay our bill. Thank You !

i dont think the banks are the problem when ppl get into debt.regulation or not, bit self control is always a good thing.

say, for a bank its legal to advice you on one financial construct and then they bet against you ,knowing you could fail.this is not a secret or something.

i see corruption and cronieness as bigger problem.